Common use of Venture Clause in Contracts

Venture. CorNova shall focus its resources on the development and marketing of innovative interventional cardiology products. The initial target of CorNova is the development of a next-generation drug-eluting stent. CorNova will direct its resources to develop or acquire technology relating to stent design, CE testing and drug coatings, including but not limited to Chronoflex DES polymer or any polycarbonate­polyurethane and containing derivative thereof for use on drug-eluting stents. Utilizing the combined capabilities of the Participants, CorNova will seek to produce a novel coronary stent system whose design, materials, and manufacturing will be specific for drug elution technology.

Venture. CorNova shall focus its resources on the development and marketing of innovative interventional cardiology products. The initial target of CorNova is the development of a next-generation drug-eluting stent. CorNova will direct its resources to develop or acquire technology relating to stent design, CE testing and drug coatings, including but not limited to Chronoflex DES polymer or any polycarbonate­polyurethane polycarbonatepolyurethane and containing derivative thereof for use on drug-eluting stents. Utilizing the combined capabilities of the Participants, CorNova will seek to produce a novel coronary stent system whose design, materials, and manufacturing will be specific for drug elution technology.